While Evotec SE ADR has underperformed by -2.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EVO fell by -44.50%, with highs and lows ranging from $13.49 to $5.00, whereas the simple moving average fell by -46.69% in the last 200 days.
On April 12, 2024, Deutsche Bank Upgraded Evotec SE ADR (NASDAQ: EVO) to Buy. A report published by RBC Capital Mkts on January 18, 2024, Upgraded its rating to ‘Outperform’ for EVO. Morgan Stanley also Upgraded EVO shares as ‘Overweight’, setting a target price of $16 on the company’s shares in a report dated June 23, 2023. Citigroup June 08, 2023d its ‘Neutral’ rating to ‘Buy’ for EVO, as published in its report on June 08, 2023. Morgan Stanley’s report from April 04, 2023 suggests a price prediction of $12 for EVO shares, giving the stock a ‘Equal-Weight’ rating. H.C. Wainwright also rated the stock as ‘Buy’.
Analysis of Evotec SE ADR (EVO)
Further, the quarter-over-quarter increase in sales is 16.51%, showing a positive trend in the upcoming months.
Evotec SE ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 2.09, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and EVO has an average volume of 76.93K. On a monthly basis, the volatility of the stock is set at 3.01%, whereas on a weekly basis, it is put at 3.96%, with a loss of -28.67% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.52, showing growth from the present price of $5.10, which can serve as yet another indication of whether EVO is worth investing in or should be passed over.
How Do You Analyze Evotec SE ADR Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.18%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 0.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EVO shares are owned by institutional investors to the tune of 0.30% at present.
